The university educates talented men and women in engineering, science, management, and humanities in preparation for careers of professional practice, civic contribution, and leadership, facilitated by active lifelong learning. (CONT. On SCH o) this educational process is true to the founders' directive to create, to discover, and to convey knowledge at the frontiers of academic inquiry for the betterment of society. Knowledge is created and discovered in the scholarly activities of faculty and students ranging across educational methodology, professional practice, and basic research. Knowledge is conveyed through scholarly publication and instruction. (HTTP://WWW.WPI.EDU/about/mission.HTML)
In care of Jeffrey Solomon
Donations are tax-deductible
Category
Other
Employees
4,445
Volunteers
225
Financial Snapshot
FY ending 2023-06-30
Revenue
$462.7M
Expenses
$483.0M
Assets
$1.3B
Liabilities
$520.2M
Financial history
$483.0M$241.5M$0
1617181920212223
RevenueExpenses
Latest FY2023: $462.7M · Avg: $382.1M
Foreign activity (Schedule F)
Total spent abroad$103.2M
Foreign employees14
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
Region
Activity
Spent
CENTRAL AMERICA AND THE CARIBBEAN
—
—
EAST ASIA AND THE PACIFIC
—
—
EUROPE (INCLUDING ICELAND & GREENLAND)
—
—
MIDDLE EAST AND NORTH AFRICA
—
—
RUSSIA AND NEIGHBORING STATES
—
—
SOUTH AMERICA
—
—
SOUTH ASIA
—
—
SUB-SAHARAN AFRICA
—
—
CENTRAL AMERICA AND THE CARIBBEAN
—
—
EUROPE (INCLUDING ICELAND & GREENLAND)
—
—
SUB-SAHARAN AFRICA
—
—
EUROPE (INCLUDING ICELAND & GREENLAND)
—
—
MIDDLE EAST AND NORTH AFRICA
—
—
SOUTH AMERICA
—
—
NORTH AMERICA - CANADA AND MEXICO
—
—
EAST ASIA AND THE PACIFIC
—
—
501(h) election
This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.
Political & Grant Activity
Campaign Spending
—
Lobbying
$183K
Grants Given
$130.0M
WORCESTER POLYTECHNIC INSTITUTE
Your actions
Address
100 Institute RD
Worcester, MA, 01609-224
Governance
Voting board members31
Independent members30
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo
Compensation practices
Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Financial detail (Schedule D)
Board-designated %39.1%
Permanent endowment %25.7%
Endowment held by related orgNo
Fundraising activity (Schedule G)
Uses professional fundraisersYes
Net to org-$224K
Retained by contractors$224K
ChannelsMail · Phone · Email · In-person · Grant solicitation